Small Business

As part of SECURE Act 2.0 legislation, an Individual Roth 401(k) plan is a new account registration type available to Schwab clients.

Here are some of the pros and cons of specific SEP IRA and individual 401(k) retirement account options available.

You can find out if your child or other employee qualifies by reviewing your 401(k) plan document.

Schwab recommends using one of the three methods discussed in this article to fund an individual 401(k).

A SEP-IRA can be opened any time before you file your tax return and you can make prior-year contributions at that time. In contrast, a solo-401(k) must be opened and contributed to before the year end to count for that tax year.

You as the business owner have until the tax-filing deadline to complete both your profit-sharing and elective deferral contributions.

Here’s some advice from one daughter employee to a would-be parent employer.

Even though you would likely benefit from contributing to your 401(k), you might not benefit from keeping your assets there — even if you are the owner.

If you run a retirement plan at your company, you are responsible for performing periodic reviews to ensure that the plan is the best it can be for participants.

Failure to perform such periodic reviews is a litigatable fiduciary breach.

This letter came with a large bold “YOUR RESPONSE IS REQUIRED BY LAW” notice along with a 5 week deadline for compliance.

Here are seven techniques for small business owners to build real wealth.

The same grit that drives entrepreneurs to success can drive their investments to failure.

Every business owner or director of a non-profit should realize that if they don’t take their fiduciary responsibility seriously they are legally liable for their neglect and inaction.

Financial planning is simply doing what it takes to give you the means to do what you want. The poorer you are the more you need financial planning. You don’t have any margin for mistakes.

Here is a simple way to think about commercial property.

That is a tremendous advantage for businesses in states with less regulatory burden.

We finally found a great building and decided to purchase it!

The president’s hope to restrict the plans should actually make owners more interested in creating one.

Obnoxious, playboy Tony Stark, more commonly known as Iron Man, is admired by his fictional and real fans alike. Why not real life CEOs?

And yet we wonder why small businesses disregard so many government regulations.

David John Marotta was featured on radio 1070 WINA’s Schilling Show on October 9, 2012 discussing politics and the upcoming election, focusing on small businesses and their tax burden.

Just over 12% of small business tax returns had gross receipts over $250,000. Their marginal tax return is the highest and tax changes to this group is what has the greatest effect on employment.

Two critical questions were raised during the first presidential debate: Are small businesses important to American’s prosperity? And if they are, which candidate will unleash that engine of economic growth and employment? Fact-checking the candidates offers a clear answer.

Disparaging the entrepreneurial growth of small businesses as trickle-down economics misses the shower of prosperity.

Here are three questions that every small business owner should answer before establishing a new retirement plan.

Who would have thought that someone earning $400,000 might want to purposefully push their taxable income up to $1.2M this year in order to pay $280,000 more in taxes at these lower 2012 tax rates?

For a small business, marketing and advertising seeks an answer to the question “How will prospective customers find me?” Most small businesses would benefit from enhancing their website presence by blogging and social media connections.

As we kept our spending frugal we gained enough margin to start businesses and employ people. And as employees find their area of genius, they help others through their productive work.

Solo 401(k)s permit you to contribute to the plan both as the “employer” and as the “employee.”

More businesses migrate across state borders than national borders.

Running a small business requires financial balance. Here are ten rules.

Many businesses can be started in your spare time, from your home. This allows you to test the waters and determine if the market can eventually support you on a full time basis.